In a recent study published by Stroman Realty, Inc, they reported that Hawaii timeshares resold over a five year period showed a sales price increase by an amazing 70%. Up until now, such resales data has been difficult to come by. But, thanks to this study, a great deal of information is now available to timeshare owners and timeshare developers. The study, “Timeshare Vacation Property Resale Buying Trends: a 2003 – 2007 Study” is available upon request at their website, www.rpmls.com. It includes data for state by state comparison, sales volume and sales price comparisons, and timeshare buying trends.
The news about Hawaii timeshare resales is great for owners of properties in that state. This trend is contrary to the residential market for most states – especially Hawaii. If you have ever considered selling your Hawaii timeshare, now is a great time to do it.
Depending on the rate of new timeshare developments on the Hawaii islands, the trend should continue as the economy recovers. Hawaii timeshares have shown to be growing in demand by vacation travelers. This will make for a robust resales and rental environment for Hawaii timeshares.